Breaking Down: Collapse25 Tammi 2023

Episode 123 - Debt

Consumer and national debts are growing exponentially. The unsustainable nature in which we borrow money in order to maintain our economic system is the perfect definition of a bubble. But when will it burst and what will it look like?

Learn More:

Americans’ household debt surpasses $16T for first time | The Hill

Average American Debt: An Overview | First Republic Bank

Household debt soars at fastest pace in 15 years as credit card use surges, Fed report says (cnbc.com)

17 Canadian Household Debt Statistics [Updated in 2022] (reviewlution.ca)

Canada Households Credit Market Debt to Disposable Income - 2022 Data - 2023 Forecast (tradingeconomics.com)

Debt owned by U.S. households by type 2022 | Statista

Car Owners Strain as More Loan Payments Soar to $1,000 - Bloomberg

The U.S. Consumer Debt Crisis

What is Behind America's Credit Card Debt Crisis? - InvestorsObserver

Consumer Debt Isn’t Stressing Banks — Yet - The Washington Post

US Economic Collapse: What Would Happen? (thebalancemoney.com)

Recession could be U.S. banks’ guilty pleasure | Reuters

Will the Banks Collapse? - The Atlantic

Consumer debt is at an all-time high. Should banks be worried? | American Banker

https://www.truthinaccounting.org/about/our_national_debt?gclid=Cj0KCQiA_P6dBhD1ARIsAAGI7HAGTpK7ZXOnvyAnoyAAysPmvwcwk9qjEl5kA3VyHGzkFfaDwu_67ekaAs4wEALw_wcB

https://www.usdebtclock.org/

https://fiscaldata.treasury.gov/americas-finance-guide/national-debt/

https://www.nytimes.com/2023/01/11/us/politics/debt-ceiling-economy-congress.html

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